Why Your Bank’s Savings Rate Isn’t Increasing With the Fed’s | WSJ #TopStory #Usa #Miami #Nyc #Tx #Uk #TeamUSA CTM👉
Posted On November 22, 2022
The Federal Reserve’s interest rate continues to climb, reaching nearly 4% in November. But the average savings account’s interest rate is just 0.16%. Here’s how banks determine that rate — and which accounts are paying closer to the Fed’s.